Market Overview:
The global automotive passenger airbag module market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, stringent safety norms by regulatory authorities are also propelling the growth of this market. The global automotive passenger airbag module market is segmented on the basis of type into mechanical type and electronic type. The electronic type segment is expected to grow at a higher CAGR as compared to mechanical type during the forecast period from 2018 to 2030 owing to its advantages such as low weight, high strength-to-weight ratio, and better crash performance as compared with mechanical types. On the basis of application,the global automotive passenger airbag modulemarket is divided intopassenger carsandcommercial vehicles.
Product Definition:
An airbag module is an important safety component of a vehicle. It is typically located in the dashboard and contains one or more airbags. The purpose of the airbag module is to protect passengers in the event of a collision by deploying one or more airbags.
Mechanical Type:
The global mechanical type market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing usage in automotive passenger airbag modules. The industry is projected to grow at a CAGR of XX% from 2016 - 2020, owing to the growing demand for advanced safety features in automobiles coupled with technological advancements pertaining to the manufacturing process of these systems.
Electronic Type:
The global electronic type market is expected to witness significant growth over the forecast period. The key drivers for this market are increasing demand for passenger safety and stringent government regulations across the globe. Electronic types include integrated circuits, microprocessors, and other components that constitute an information processing system in a given vehicle. They play a vital role in ensuring passenger safety by triggering airbags when needed or by sending alerts to the driver about any potential hazards.
Application Insights:
The passenger cars application segment accounted for the largest revenue share of over 70% in 2017. The demand for airbags is significantly higher in passenger cars as compared to commercial vehicles. In addition, the use of airbags in passenger cars is more widespread across countries as well as regions whereas it's less prevalent in commercial vehicles. However, with rising number of fatal accidents taking place due to lack of protection provided by front seat belts, manufacturers are increasingly focusing on providing an option other than just safety belt namely; airbag which can be used at least until the moment when a person gets into an automobile and presses a button that switches off the device. This will help drivers protect themselves from injuries during accidents while also protecting passengers sitting behind him/her against injuries caused by flying debris or impact forces coming from behind or all directions around them.
The Europe automotive market has shown promising growth over recent years owing to increasing disposable income coupled with rising employment rate.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing road accidents and presence of key automobile manufacturers such as Toyota, Honda, Hyundai, Tata Motors and others. In addition, rising disposable income levels in developing countries including China and India are anticipated to fuel market growth during the forecast period.
Europe passenger airbag module demand was valued at USD X million in 2017 on account of stringent government regulations regarding automotive safety coupled with growing consumer awareness about vehicle safety features. Moreover, presence of major automobile manufacturers such as Ford Motor Company; BMW Group; Mercedes-Benz AG Daimler AG; Fiat Chrysler Automobiles N.V.; Volkswagen Group GmbH & Co.
Growth Factors:
- Increasing demand for passenger cars
- Stringent safety norms by regulatory authorities
- Technological advancements in airbag modules
- Rising disposable income of consumers in developing countries
- Growing awareness about the benefits of airbags
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Passenger Airbag Module Market Research Report
By Type
Mechanical Type, Electronic Type
By Application
Passenger Cars, Commercial Vehicles
By Companies
Autoliv (Sweden), Hyundai Mobis (Korea), Nihon Plast (Japan), S&T Motiv (Korea), Autoliv (Sweden)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Passenger Airbag Module Market Report Segments:
The global Automotive Passenger Airbag Module market is segmented on the basis of:
Types
Mechanical Type, Electronic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Autoliv (Sweden)
- Hyundai Mobis (Korea)
- Nihon Plast (Japan)
- S&T Motiv (Korea)
- Autoliv (Sweden)
Highlights of The Automotive Passenger Airbag Module Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Type
- Electronic Type
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Passenger Airbag Module Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive passenger airbag module is a component of an automobile that detects the presence of a person in the vehicle and deploys an airbag to protect that person.
Some of the key players operating in the automotive passenger airbag module market are Autoliv (Sweden), Hyundai Mobis (Korea), Nihon Plast (Japan), S&T Motiv (Korea), Autoliv (Sweden).
The automotive passenger airbag module market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Passenger Airbag Module Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Passenger Airbag Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Passenger Airbag Module Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Passenger Airbag Module Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Passenger Airbag Module Market Size & Forecast, 2018-2028
4.5.1 Automotive Passenger Airbag Module Market Size and Y-o-Y Growth
4.5.2 Automotive Passenger Airbag Module Market Absolute $ Opportunity
Chapter 5 Global Automotive Passenger Airbag Module Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Passenger Airbag Module Market Size Forecast by Type
5.2.1 Mechanical Type
5.2.2 Electronic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Passenger Airbag Module Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Passenger Airbag Module Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Passenger Airbag Module Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Passenger Airbag Module Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Passenger Airbag Module Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Passenger Airbag Module Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Passenger Airbag Module Market Size Forecast by Type
9.6.1 Mechanical Type
9.6.2 Electronic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Passenger Airbag Module Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Passenger Airbag Module Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Passenger Airbag Module Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Passenger Airbag Module Market Size Forecast by Type
10.6.1 Mechanical Type
10.6.2 Electronic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Passenger Airbag Module Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Passenger Airbag Module Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Passenger Airbag Module Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Passenger Airbag Module Market Size Forecast by Type
11.6.1 Mechanical Type
11.6.2 Electronic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Passenger Airbag Module Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Passenger Airbag Module Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Passenger Airbag Module Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Passenger Airbag Module Market Size Forecast by Type
12.6.1 Mechanical Type
12.6.2 Electronic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Passenger Airbag Module Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Passenger Airbag Module Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Passenger Airbag Module Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Passenger Airbag Module Market Size Forecast by Type
13.6.1 Mechanical Type
13.6.2 Electronic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Passenger Airbag Module Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Passenger Airbag Module Market: Competitive Dashboard
14.2 Global Automotive Passenger Airbag Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Autoliv (Sweden)
14.3.2 Hyundai Mobis (Korea)
14.3.3 Nihon Plast (Japan)
14.3.4 S&T Motiv (Korea)
14.3.5 Autoliv (Sweden)
